Deals Counterparts

Ardian and FiveT Hydrogen Fund Invest in Hy24

Investment Hydrogen announced Paris, France Jun 28, 2025
EUR1.5B
Deal Value

Ardian and FiveT Hydrogen Fund invested in Hy24, a hydrogen investment platform. The investment will support Hy24's efforts to accelerate the development of the hydrogen economy.

Source Intelligence

KEY DETAILS

Hy24 is an equally owned joint venture between Ardian and FiveT Hydrogen. Quote: Ardian, a world leading private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, today announced a partnership to create Hy24, an equally owned joint venture. €800m has already been committed. Quote: Of this, €800m has already been committed by a leading group of industrial and financial investors active in clean hydrogen. Air Liquide, TotalEnergies and VINCI each pledged to invest €100m. Quote: Air Liquide, TotalEnergies and VINCI, all fully committed to low carbon and renewable hydrogen development, each of which has pledged to invest  €100m each as anchor investors.

Deal Size
Hy24 is targeting €1.5bn for its first fund, making the platform the industry’s largest clean hydrogen infrastructure manager.
Location
Infrastructure France, Paris and Zurich
Announcement
October 1st, 2021
PARTIES MENTIONED IN SOURCE
A
Ardian investor

"Ardian and FiveT Hydrogen launch Hy24, the world’s largest clean hydrogen infrastructure investment platform"

F
FiveT Hydrogen investor

"Ardian and FiveT Hydrogen launch Hy24, the world’s largest clean hydrogen infrastructure investment platform"

A
Air Liquide investor

"Air Liquide, TotalEnergies and VINCI, all fully committed to low carbon and renewable hydrogen development, each of which has pledged to invest  €100m each as anchor investors."

T
TotalEnergies investor

"Air Liquide, TotalEnergies and VINCI, all fully committed to low carbon and renewable hydrogen development, each of which has pledged to invest  €100m each as anchor investors."

V
VINCI investor

"Air Liquide, TotalEnergies and VINCI, all fully committed to low carbon and renewable hydrogen development, each of which has pledged to invest  €100m each as anchor investors."

P
Plug Power investor

"Plug Power, Chart Industries and Baker Hughes together (as former cornerstone investors in FiveT Hydrogen), who are also joining as anchor investors."

C
Chart Industries investor

"Plug Power, Chart Industries and Baker Hughes together (as former cornerstone investors in FiveT Hydrogen), who are also joining as anchor investors."

B
Baker Hughes investor

"Plug Power, Chart Industries and Baker Hughes together (as former cornerstone investors in FiveT Hydrogen), who are also joining as anchor investors."

L
LOTTE Chemical investor

"LOTTE Chemical, a large Asian industrial Group, also confirmed its intention to join as an anchor investor, and so will AXA, a major institutional investor."

A
AXA investor

"LOTTE Chemical, a large Asian industrial Group, also confirmed its intention to join as an anchor investor, and so will AXA, a major institutional investor."

G
Groupe ADP investor

"These include: Groupe ADP, Ballard, EDF and Schaeffler."

B
Ballard investor

"These include: Groupe ADP, Ballard, EDF and Schaeffler."

E
EDF investor

"These include: Groupe ADP, Ballard, EDF and Schaeffler."

S
Schaeffler investor

"These include: Groupe ADP, Ballard, EDF and Schaeffler."

S
Société Générale advisor

"The international tender process to select Hy24 and to engage industrial investors was arranged by Société Générale."

high quality Enriched Feb 19, 2026

Timeline

Announced
Jun 28, 2025
Signed
Closed

Market Context

This deal is part of the Hydrogen sector in France.
12
Hydrogen deals
71
deals in France
1 of 12 Hydrogen deals tracked this month · Updated daily

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